2018/12/10. Bank Of Japan: Minus interest rates; They will keep it till ending
Japan government will raise consumer taxes from 8% to 10% with some rules.
My opinion
I think Japan gov wants BOJ to keep on minus interest rates.
Because they have huge debts. And they have to cut social fees and raise taxes.
In addition, Japan gov wants to keep on low interest rates.
Japanese consumers are prefer to pay by real-cash, not by credit cards.
And it is the problem for Japan gov. Because if Japanese money are in their house, not in bank account, minus interest rates’ effect will be smaller.
Japan gov wants almost Japanese to shift their cash to bank account.
So raising consumer taxes have payback rules that consumers pay by credit cards, not by real-cash.
This payback rules will make consumers to pay by credit cards.